A red die and a blue die are rolled. You win or lose money depending on the sum of the values of the two dice. If the sum is 3 or 5, you win $6. If the sum is 8 or 9, you win $1. If the sum is any other value (2, 4, 6, 7, 10, 11, or 12), you lose $2. Let X be a random variable that corresponds to your net winnings in dollars. What is the expected value of X? E[X] = Ex: 1.23

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter11: Data Analysis And Probability
Section: Chapter Questions
Problem 15CR
icon
Related questions
Question
A red die and a blue die are rolled. You win or lose money depending on the sum of the values of the two dice.
If the sum is 3 or 5, you win $6.
If the sum is 8 or 9, you win $1.
If the sum is any other value (2, 4, 6, 7, 10, 11, or 12), you lose $2.
Let X be a random variable that corresponds to your net winnings in dollars. What is the expected value of X?
E[X] = Ex: 1.23
Transcribed Image Text:A red die and a blue die are rolled. You win or lose money depending on the sum of the values of the two dice. If the sum is 3 or 5, you win $6. If the sum is 8 or 9, you win $1. If the sum is any other value (2, 4, 6, 7, 10, 11, or 12), you lose $2. Let X be a random variable that corresponds to your net winnings in dollars. What is the expected value of X? E[X] = Ex: 1.23
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Recommended textbooks for you
Holt Mcdougal Larson Pre-algebra: Student Edition…
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL
College Algebra
College Algebra
Algebra
ISBN:
9781337282291
Author:
Ron Larson
Publisher:
Cengage Learning